Wonder what's going to happen to us borrowers when that thing pops? I doubt we'll be getting bailed out.
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Exactly what happened to the banks...the government will bail us out....JUST KIDDING!
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That's very alarming words Sir. Do you think there is a chance that this could lead to a repeat of the 2007/8 financial crisis? Do you recommend any sources to get more knowledge on the subject?
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Assuming youre serious and not a troll, Thom Hartmann's book, the crash of 2016 explains what economic indicators are still there that will cause the next crash. Hes wrong abt when the bubble will burst, but that isnt a good thing. Bc itll be worse the longer it grows.
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This is the consumer side of the next economic crisis. With exploding corporate debt and a slowing velocity of the m2 money supply, it gets ugly; people are going to bear terrible consequences of these policies. Hopefully, it won't be like 2008, but I'm not optimistic.
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And the too-big-to-fail banks being even bigger, and the same lousy loans that caused the housing crisis being back in use. They never learn.
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I was a CPS investigator for 8 yrs and I never made over $32,000.We were jealous of teachers salaries and days off w/o always being on-call. I did every forebearance I could to get by. I owe $80,000 for a Bachelors degree that is meaningless. I will pay the minimum until I die.
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Are these the same kids that 15 dollars a hour to work at McDonald’s lol
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